Published: Wed, March 07, 2018
Money | By Michele Stevens

Markets Right Now: US stock indexes open lower

Markets Right Now: US stock indexes open lower

On average, the S&P 500 has gained 2.4% and 2.1%, respectively, over the last 10- and 20-year periods, bested only by the returns seen in April during this period. Concerns about the possibility of higher inflation and interest rates have rocked markets since the S&P 500 set its latest record high in late January. Mainland markets traded slightly higher after recent losses: The Shanghai composite edged up by 0.15%.

"It's helping about a dozen stocks in those industries but has raised the specter of trade wars, and trade wars don't help the stock market".

Investors also kept a close eye on Federal Reserve Chairman Jerome Powell, who is scheduled to deliver the semi-annual monetary policy testimony before the Senate Banking Committee on Thursday.

The index lost 3.9 percent in February. Last year, the worst weekly loss was just 1.4 per cent.

The S&P 500 fell 3 points, or 014%, to 2,710, with six of the 11 main sectors trading lower.

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SEC CALLING: Overstock.com dropped 5 percent after the online retailer disclosed in a regulatory filing that the Securities and Exchange Commission asked the company last month for information about a $250 million offering by its blockchain subsidiary, tZero, related to digital tokens.

Earlier in the week, he helped send Treasury yields jumping and stocks tumbling when he said that he's feeling more optimistic about the economy.

Bond prices rose as demand jumped for safer investments, which pushed yields lower.

Dental supplies maker Patterson Companies plunged 22 percent after reporting weak earnings for the latest quarter.

The ASX 200 year to date was down 0.8% at the end of February - yesterday's fall took that to 1.5% and today's drop could push it well past 2%.

Kim Kardashian West loves the free stuff
Another SnapChat video shows Kim and the rest of her family heading out on the famous Feud stage while the audience claps. Kim and husband Kanye West welcomed baby Chi on January 15 via surrogate.

Caterpillar (CAT) and Boeing (BA) racked up the heaviest early declines on the Dow, off more than 1% each. Shares of the company, which sells dental and animal health products, dropped $7.47, or 23.7 percent, to $24.11.

Energy (-2.3%) was the weakest of the S&P 11 industry groups, moving lower alongside the price of crude oil after the weekly USA crude oil inventory report showed inventories rising by 3M barrels last week; April WTI futures dropped 2.2% to $61.64/bbl. The Nasdaq fell 12 points, or 0.2 percent, to 7,260.

Crude oil was down 2.5% at $61.46. Brent crude, the global standard, lost 62 cents to $64.11 per barrel.

Gold rose $18.20 to settle at $1,323.40 per ounce.

The dollar fell to 105.54 Japanese yen from 106.24 yen late Thursday. The euro inched up to $1.2207 from $1.2203, and the British pound slipped to $1.3732 from $1.3771.

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In this open letter, he urged the Taliban to accept a ceasefire and peace talks with the Afghan as well as the USA government. Additionally, 22 people were injured.

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